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Showing 1081 - 1090 of 2458 results for "Court"

Disgruntled chief executive wins $2.7million

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
GBST Holdings is facing a roughly $2.7 million bill after a former chief executive won a wrongful dismissal court claim against the financial services software company. Stephen Lake was GBST's chief executive and managing director from 2001 to 2015 ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation scheme, with the court finding the fund did not comply with relevant protocol, procedures and requirements of superannuation legislation. Between ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... account and required to compensate its members." CBA said it acknowledges that proceedings have been filed in the Federal Court and are reviewing the claim. On Thursday last week, CFS was hit with a class action from Maurice Blackburn Lawyers in relation ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
The Australian Prudential Regulation Authority will not appeal the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
A former financial adviser with a 25-year ban from the profession is facing court for allegedly using almost $2 million in client funds for his own benefit. Graeme Walter Miller appeared through his lawyer in Lismore Local Court on Wednesday, as the ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... super trustee duties that it said have caused losses to over 100,000 members. The class action was filed in the Federal Court in Victoria and names former CFS executive director Linda Elkins in particular. The action alleged CFS's implementation ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... things the government is doing is they are sending ASIC, using their intervention powers, to get into fund managers without court orders and intimidate those fund managers," Johnston said. "What the government wants to do is shut down grandfathered revenue. ...

Former NAB adviser sentenced

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... sentenced for withdrawing funds from the accounts of clients without their knowledge, but will avoid jail time. The District Court of NSW sentenced Max Kiattisak Eung to three years imprisonment to be served through an intensive corrections order, after ...

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
... breaches of anti-hawking provisions to ASIC." The case will be first mentioned on November 19 at the Downing Centre Local Court in Sydney. CommInsure was recently sold to Hong Kong-based insurance giant AIA, though delays in the deal's completion ...

IOOF expands advice team

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2019
... Advice Research. The fund also permanently appointed Renato Mota as its new chief executive in June of this year. IOOF won a court action brought on by APRA in September this year with the Federal Court clearing the wealth company, and its former chief ...